- Asian session review: the US dollar declined slightly against most major currencies
Market news
Asian session review: the US dollar declined slightly against most major currencies
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | Gross Domestic Product (QoQ) | Quarter IV | 3.4% | 2.5% | 3.1% |
| 00:30 | Australia | Gross Domestic Product (YoY) | Quarter IV | -3.8% | -1.8% | -1.1% |
| 01:45 | China | Markit/Caixin Services PMI | February | 52.0 | 51.5 | |
| 07:30 | Switzerland | Consumer Price Index (MoM) | February | 0.1% | 0.4% | 0.2% |
| 07:30 | Switzerland | Consumer Price Index (YoY) | February | -0.5% | -0.3% | -0.5% |
During today's Asian trading, the US dollar rose against the euro and the yen, but fell against the pound and the Canadian dollar.
The ICE Dollar index, which shows the value of the US dollar against six major world currencies, fell by 0.07%
The dollar remains on the defensive amid a decline in US government bond yields, which makes the US currency less attractive to investors.
The yield on 10-year US Treasuries fell below 1.45% this week after jumping to a year-high of 1.6% a week earlier.
The Australian dollar declined against the US dollar, while the New Zealand dollar lost 0.14% against the US dollar amid continued investor optimism about the resumption of economic activity in both countries.
Australia's economy expanded by 3.1% in the October-December quarter after rising by a revised 3.4% in the July-September quarter, according to the country's Bureau of Statistics. Analysts had forecast a rise of just 2.5%.
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer